Tuesday, March 9, 2010, 10:36am EST
Senior staff writer
First, Charlotte Checkers owner Michael Kahn formed an alliance with the NHL’s Carolina Hurricanes. Now it appears he’s also considering a deal with Warren Buffett.
Kahn is co-owner of Empire Distributors Inc., soon to be acquired by a subsidiary of Buffett’s Berkshire Hathaway, according to Wine & Spirits Daily. Kahn and his brother, David, own Empire Distributors, a wine and spirits distribution company founded by their grandfather in 1940. David Kahn is president of Empire Georgia, based in Atlanta, while Michael is president of Empire North Carolina in Charlotte.
Michael Kahn told the Charlotte Business Journal this morning "the reports are very premature" and deferred additional comment until later this month.
The Buffett-Berkshire subsidiary in line to buy Empire is food supplier McLane, a $34 billion company Berkshire Hathaway acquired from Wal-Mart for $1.5 billion in 2003.
Kahn bought the Checkers minor-league hockey franchise in 2006 from Felix Sabates. Last month, he purchased an American Hockey League franchise in Albany, N.Y., and relocated the club here so the Checkers could become AHL members, minor-league hockey’s highest designation. He plans to sell the rights to the local East Coast Hockey League franchise, which wraps up its final season later this year.
Share Investor Blog - Stockmarket & Business commentary
Discuss this topic @ Share Investor Forum - Register free
Download the 1977 - 2009 Warren Buffett Letter's to Berkshire Hathaway Shareholders
Recommended Amazon Reading
 |
Warren Buffett's Management Secrets: Proven Tools for Personal and Business Success by Mary Buffett Buy new: $16.50 / Used from: $13.20 Usually ships in 24 hours |
 |
The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition) by Benjamin Graham Buy new: $14.77 / Used from: $10.49 Usually ships in 24 hours |
